JULY 7, 2004

FOM questions British GP deal

The Formula One Management legal department has challenged the assertion made by Alexander Hooton of the British Racing Drivers Club suggesting that we the British Grand Prix "is secure for 2005 and 2006".

FOM says that "this is not correct" and adds that "Formula One Administration Limited is prepared to enter into an agreement with either the BRDC or another suitable promoter for the staging of a British round of the FIA Formula 1 World Championship in the years 2005 and 2006 on commercial terms matching those in place for rounds of the Championship held in Germany". FOM says that neither the BRDC nor any other person has stepped up to accept this offer, adding that a deal would need be in place by the end of September.